EUR/JPY 1D Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
JPY as foreign currency denominating pairs have been appreciating for quite some time. As a consequence, appearance of the channel up pattern was rather anticipated. Technical indicators suggest a calm, even a sideways development of the pair in the short and medium term. Current market sentiment (72% of open positions long) and long term technicals, however, point at the pairs further appreciation. All in all, we should see the pair appreciating, but not moving straight to the pattern's resistance, rather moving along the pattern's support.

© Dukascopy Bank SA
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Mon, 01 Jul 2013 13:57:54 GMT

EUR/CHF 1H Chart: Channel Up

EUR/CHF as most of the euro as home currency denominating pairs are posing for a rally. In the cross with the Swiss franc we should expect short term appreciation, but it is rather doubtful if the pair will manage to reach the pattern's resistance uninterrupted. Main sources of such doubts are the Stochastic indicator in the short and medium term

Mon, 01 Jul 2013 08:15:19 GMT

EUR/PLN 1H Chart: Triangle

Since Jun 21 EUR/PLN has been consistently respecting the converging trend-lines, forming the triangle on a 1H chart. Considering that this pattern implies continuation of a major move, we expect an eventual break-out to the upside; however, for now the resistance at 4.3565 holds and in a very short term is unlikely to give in. Still, daily indicators are bullish,

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